Corporate · Case Study
A Multinational Treasury Cuts Reconciliation Lag With ISO 20022
Structured remittance data drives straight-through reconciliation rates above 90% and releases working capital.
The corporate treasury operated across forty subsidiaries and hundreds of bank accounts, with reconciliation backlogs measured in days. The migration to ISO 20022 - coordinated with primary banking partners and the group ERP - restructured the remittance data flow end-to-end.
Straight-through reconciliation rates moved above 90% on migrated corridors, reconciliation lag collapsed, and the team redeployed staff to higher-value analytical work.
Outcomes
- ▍Straight-through reconciliation rates above 90% on migrated corridors
- ▍Material reduction in reconciliation lag
- ▍Working capital released from in-flight reconciliation